WisdomTree Barclays U.S. Aggregate Bond ETF Forecast

WisdomTree Barclays U.S. Aggregate Bond ETF upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)

AGZD Signals & Forecast

The WisdomTree Barclays U.S. Aggregate Bond ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.17 and $22.14. A breakdown below any of these levels will issue sell signals. WisdomTree Barclays U.S. Aggregate Bond has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -0.180%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Wednesday, March 13, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for WisdomTree Barclays U.S. Aggregate Bond ETF

WisdomTree Barclays U.S. Aggregate Bond finds support from accumulated volume at $22.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0773 between high and low, or 0.349%. For the last week the ETF has had daily average volatility of 0.532%.

Our recommended stop-loss: $20.78 (-6.33%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (AGZD) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund to open at $22.17, and during the day (based on 14 day Average True Range), to move between $22.05 and $22.31, which gives a possible trading interval of +/-$0.127 (+/-0.57%) up or down from last closing price. If WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund takes out the full calculated possible swing range there will be an estimated 1.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.19 (0.05%) than the support at $22.14 (0.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for WisdomTree Barclays U.S. Aggregate Bond ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.238 Buy Candidate Upgraded

Predicted Opening Price for WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.